B&N bookshop sales up 1.7% over holiday

B&N bookshop sales up 1.7% over holiday

US retailer Barnes & Noble says bookshop sales, excluding Nook products, increased 1.7% over the Christmas holidays. However, sales of Nook devices and accessories fell 55.4%.

For the nine-week holiday period ending 3rd January, the retail segment (bookshops and BN.com) had sales of $1.1bn (£0.7bn), a 0.2% increase from the year before. Physical book sales stabilised and the company saw growth in educational toys and games and gift departments.

C.e.o. Michael Huseby said he was “very pleased” with the results. “Our core comparable bookstore sales were better than our expectations, even as we cycled against the improved core sales trends that began this period a year ago.  Our retail booksellers performed at an outstanding level for our customers this holiday season, which is reflected in our results.”

In digital, the Nook segment had sales of $56m over Christmas, decreasing 55.4% compared with Christmas 2013. Device and accessories sales were down 67.9% from a year ago and digital content sales fell 25% compared to a year ago.

The company now expects losses in the Nook segment in the full year results. Comparable bookshop sales will be flat, it says.